2019-10-11 | BSD/DIR/GEN/LAB/12/050

Re: Automation of AML/CFT Processes- Returns Data Rendition, Validation, Data Warehouse and Analysis

The letter from the Director of Banking Supervision informs all banks that the cut-off date for the parallel run of the AML/CFT Data Rendition and Processing System (ADRAPS) is December 31, 2019, with a 93% rendition rate achieved. From January 2, 2020, Foreign Currency Transactions, Politically Exposed Persons, and Three-Tiered KYC reports must be submitted via ADRAPS, and manual renditions will no longer be accepted. Banks are also required to ensure that their returns for the period of January 1, 2018, to December 31, 2019, are completely uploaded to the platform by the cut-over date.

Nigeria

Central Bank of Nigeria

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